Charges for the use of intellectual property, payments (BoP, current) in Bermuda
Bermuda: Charges for the use of intellectual property, payments (BoP, current) was 35.87 BoP, current US$ per person in 2023. ▼ Falling
Charges for the use of intellectual property, payments (BoP, current) in Bermuda, 2006–2023
Source: Statizoid (derived). Measured in BoP, current US$ per person.
Analysis
The most recent figure for charges for the use of intellectual property, payments (bop, current) in Bermuda is 35.87 BoP, current US$ per person, measured in 2023. That is the lowest value across all 18 years on record.
The figure is down 10.2% on the previous year and down 79.1% over ten years.
Over the whole period, charges for the use of intellectual property, payments (bop, current) in Bermuda peaked at 185.17 BoP, current US$ per person in 2014 and was at its lowest, 35.87 BoP, current US$ per person, in 2023.
Bermuda ranks 76th of 171 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 18 years of available data.
Charges for the use of intellectual property, payments (BoP, current) in Bermuda, year by year
| Year | BoP, current US$ per person | Change |
|---|---|---|
| 2006 | 74.64 BoP, current US$ per person | — |
| 2007 | 73.01 BoP, current US$ per person | -2.2% |
| 2008 | 99.97 BoP, current US$ per person | +36.9% |
| 2009 | 146.59 BoP, current US$ per person | +46.6% |
| 2010 | 138.04 BoP, current US$ per person | -5.8% |
| 2011 | 155.34 BoP, current US$ per person | +12.5% |
| 2012 | 161.48 BoP, current US$ per person | +4.0% |
| 2013 | 171.96 BoP, current US$ per person | +6.5% |
| 2014 | 185.17 BoP, current US$ per person | +7.7% |
| 2015 | 135.42 BoP, current US$ per person | -26.9% |
| 2016 | 133.36 BoP, current US$ per person | -1.5% |
| 2017 | 127.26 BoP, current US$ per person | -4.6% |
| 2018 | 109.51 BoP, current US$ per person | -13.9% |
| 2019 | 68.11 BoP, current US$ per person | -37.8% |
| 2020 | 50.01 BoP, current US$ per person | -26.6% |
| 2021 | 46.94 BoP, current US$ per person | -6.1% |
| 2022 | 39.95 BoP, current US$ per person | -14.9% |
| 2023 | 35.87 BoP, current US$ per person | -10.2% |
Bermuda compared with similar countries
- Bermuda's 35.87 BoP, current US$ per person is below the median for high income countries, which is 164.1 BoP, current US$ per person, 22% of the median. (65 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 98.55 BoP, current US$ per person | 73.01 BoP, current US$ per person | 146.59 BoP, current US$ per person | 4 |
| 2010s | 138.57 BoP, current US$ per person | 68.11 BoP, current US$ per person | 185.17 BoP, current US$ per person | 10 |
| 2020s | 43.19 BoP, current US$ per person | 35.87 BoP, current US$ per person | 50.01 BoP, current US$ per person | 4 |
Countries ranked near Bermuda
- 73 Saint Vincent and the Grenadines 37.68 BoP, current US$ per person compare
- 74 Botswana 36.56 BoP, current US$ per person compare
- 75 Latvia 36.1 BoP, current US$ per person compare
- 77 Georgia 35.53 BoP, current US$ per person compare
- 78 China 33.15 BoP, current US$ per person compare
- 79 Montenegro 29.57 BoP, current US$ per person compare
More economy & growth data for Bermuda
- Foreign direct investment, net outflows (BoP, current US$), gaps 33.80 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 522.99 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 117.84 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -21.86 % change on previous year (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0037 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0128 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,823 BoP, current US$ per person (2024)
- General government final consumption expenditure (current US$) 4.44 % change on previous year (2024)
- General government final consumption expenditure (current LCU), per 15,245 current LCU per person (2024)
- General government final consumption expenditure (current LCU), per 0.1072 current LCU per US$ of GDP (2024)
Frequently asked questions
- What is charges for the use of intellectual property, payments (bop, current) in Bermuda?
- Charges for the use of intellectual property, payments (bop, current) in Bermuda was 35.87 BoP, current US$ per person in 2023, according to Statizoid (derived).
- What is the highest charges for the use of intellectual property, payments (bop, current) recorded in Bermuda?
- The highest recorded value was 185.17 BoP, current US$ per person in 2014.
- What is the lowest charges for the use of intellectual property, payments (bop, current) recorded in Bermuda?
- The lowest recorded value was 35.87 BoP, current US$ per person in 2023.
- How does Bermuda rank for charges for the use of intellectual property, payments (bop, current)?
- Bermuda ranks 76th out of 171 countries with data for 2023.
- Is charges for the use of intellectual property, payments (bop, current) rising or falling in Bermuda?
- Over the last ten years it is down 79.1%. The long-run trend across the full record is falling.
- Where does this Bermuda data come from?
- The figures come from Statizoid (derived), published as part of Charges for the use of intellectual property, payments (BoP, current US$), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Charges for the use of intellectual property, payments (BoP, current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Charges for the use of intellectual property, payments (BoP, current US$) ÷ Population, total
Computed from
- Charges for the use of intellectual property, payments Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Charges for the use of intellectual property, payments (BoP, current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.